Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $911,000 in Frontier Communications Parent, acquiring 25,391 shares during the first quarter.
• Frontier Communications recently reported a quarterly earnings per share (EPS) of ($0.49), missing analysts’ expectations and showing a 4.0% year-over-year revenue increase to $1.54 billion.
• The company's current market capitalization stands at $9.16 billion, with a debt-to-equity ratio of 2.49, indicating significant leverage in its capital structure.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,391 shares of the company's stock, valued at approximately $911,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FYBR. Parallel Advisors LLC increased its position in shares of Frontier Communications Parent by 360.7% during the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock worth $70,000 after acquiring an additional 1,533 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Frontier Communications Parent in the 4th quarter worth about $76,000. UMB Bank n.a. grew its position in Frontier Communications Parent by 113.9% in the 1st quarter. UMB Bank n.a. now owns 2,246 shares of the company's stock worth $81,000 after purchasing an additional 1,196 shares in the last quarter. Fifth Third Bancorp grew its position in Frontier Communications Parent by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock worth $87,000 after purchasing an additional 323 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its position in Frontier Communications Parent by 7,980.6% in the 1st quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company's stock worth $90,000 after purchasing an additional 2,474 shares in the last quarter.

Frontier Communications Parent Stock Up 0.2%

FYBR stock traded up $0.08 during trading on Wednesday, reaching $36.67. The stock had a trading volume of 495,338 shares, compared to its average volume of 2,914,326. Frontier Communications Parent, Inc. has a one year low of $27.19 and a one year high of $39.21. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.49. The company's 50 day moving average is $36.49 and its two-hundred day moving average is $36.18. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of -23.65 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported ($0.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18). The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. Frontier Communications Parent had a negative net margin of 6.40% and a negative return on equity of 7.88%. The firm's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.49) earnings per share. Equities research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Frontier Communications Parent Profile

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.